St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-29
The COMMERCIAL RECORD.
c. the Chicago Board of Trade There
Was Slight Impetus to
Prices,
Which Vas kscribed to the Fact That
Wheat Is New Getting More
Strength.
transactions in the Financial Circles
CT Wall Street.-The General
Quotations.
Snecial to the Globe.

Special to the Globe.
CHICAGO, Oct oS-On the curb this morn
ing May wheat was lid up to 1859. But the
opening on the regular board was 14c lower.
There was an active trade, but no new value.
Cables were generally firm, but the outside
domestic markets were featurelesS. Corn
started off in 4 spiIitless fashion. There
were signs of life in the provision trade and
the sentiment Of traders seemed to be bear
ish for Iurn. The excitement in the wheat
market increased as the session advanced.
The pit was packed to the brim. Trading was
on large scale. The big fight was
around 74c for December The market
touched 74c half dozen times but there
were millans of bushels for sale at that figure
and comparatively little bought. There has
not been d more bitterly contested battle in
the pit for months than that witnessed to-
day. Jones, Mccormick and Kennett Lind
bloom led in the buying when their services
seemed to be needed. Boyd, Paxton IL
Boyd and Whining d. bpdman hammered the
marked early, and the erowd helped them,
but later the leaders o3iboth sides took back
seat and the engagement became general.
Individual operations were not remarkably
heavy, but pretty nearly everybody was kept
busy.
THE PREVAILING FEELING
was that if the lac mark could be crossed
1t would be Il foot race among the bears 10
see whu could get quickest. Up TO l o'clock
that line was not crossed, firmnesS i'll cables
was remarked, public and private advces
from the other side being in accord on this
point An advance of l4c in lake freights
checked the shipping business somewhat;
New York was reluctant to follow the adj
vance, but with Chicago and Liverpool both
pulling up the feeling there was strong New
York has been doing Tremendous specula-
tive business during the past two days. Dur
ing the forenoon December wheat tiuctuated
between 134scGl. &c and May be-
tween 79l26l79 Isc; increasing receipts
OF corn. Three hundred and ten cars for to-
morrow depressed November to-day, and
rather liberal selling by Hutchinson also ex-
erted bearish influence. Buying for out
side account was also sustained. May fluc-
tuationS were within 14c limits. and the
undertone of the market may be described as
steady to firm. Pork developed great activ-
ity and strength after the first hour. The
january delivery was traded il on huge
scale from Sl2.3O to S12.65, and the L
O'Clock price was close to the top. The
wheat crowd was heavily short of
this option, and it was run in
to-day. Tommy Wells. Stewart e.
spicuous buyers around S12 were heavy sell
ers to-day above $3.50. January ribs
climbed from 1928 to S6.4O, and October
hung around go all morning. Lard was
rather quiet al slightly improved figures. The
shorts were the largest buyers of products on
the ball side, and the short interest is thought
to be pretty well squeezed out. Lake en-
gagements to-day: Wheat, IS, 900 bu: corn,
210,0O0 bu Rates, 5I2c and Sc Estimated
receipts tomorrow: Wheat. 112 cars; corn,
80 cars; oats, 40 cars: hogs. 10, 0cO head.
THE ROUTINE REPORT.
CHICAGO, Oct 2S!-The. wheat situation
seems slowly to be getting more strength,
which is giving slight impetus to prices.
Ealnes at the opening this morning were
slightly improved. December wheat started
lsc higher at I37sc. During the earlier part
OF the session there was but little trading
and the market dragged with December
about 735SGy7,;S4c. The principal excite
advanced from 1850 to 74e This was
LARGELY through sym laathy>. wiki other mar
keiS. AT these figures the market met with
strong opposition took shape in liberal offer
were rumors of buying on European ac-
count. Receipts continued quite free. Corn
ruled quiet, most of the session,
about tsc nnder the closing prices Of yester.
day, ftuctuated within 14c range. and closed
hade lower than yesterday, with May at
4o4W i5Ssc- Receipts were somewhat larger
than expected and estimated arrivals for to-
morrow show some increase This, with the
m Jderate offerings al times by. prominent
local operator, prevented any material ad-
vance AT times the market ruled firmer
due TO the stronger feeling in wheat
Oats were steady and strong in sympathy
with the wheat markets At the same time
there was very little doing and prices
quotations Mess pork was the &C
tive feature of the provision market
to-day. January opened sc lower at S1230
@l2;32l2, but it did notitake long for an act
I've hog mar ket TO be felt in the pork pit on
change and prices began walking right
along long line of shorts became fright
ened even before the morning call and bid
for considerably more stuff than there was q
disposition to sell. From an opening at
ST. 30, there were no long stops made until
the January option was quoted at Sl2.37l2.
AT this point there was sufficient realizing
to drive values back Zoe. when shorts
again took hold and by little after noon
had 1t up to $3.50. Both pork options
were III active request but the demand was
Packers helped the bulls along by operating
OF liberal scale through brokers; by this
means they picked up about all the stuff
there was for sale. As long as the market
were IN no hurry to let go any considerable
quantities. They did, however. put out
enough when prices met their views to make
very active trade e;,, January pork closed at
Sl2;62l2. Short ribs and lard were only
moderately active. January lard opened at
So.32l2, sold at $3.50 and $40, and closed
at the latter figure. January short ribs
opened at S6.27l2, sold at $6.25@64O and
closed at the latter figure.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat, No. .2-Oetober opened at 724c,
closing at 12lsc; November, 72ssc, closing at
I2Ac: December, 1886 closing at 73S4c;
May, 199sc, closing at 795sc. Corn, No. =
November sc, closing at 4ls4c: Deem
in s at $50 e'ss May 4S9se clos
closing at 255sc; December closed at 25ssc:
May 29+sc, closing st,29sse Mess pork, per
s sI eSiH "a 9pened at sl2 30 closing at
at s6.55, closing at s6s55; November. Sc 80,
closing at So JanIarY, S632I2, closing
a.. $40; May, S6s62l2; closing at
S667l2. Short ribs, per 100 lbs-October
January, S657i2, closing at $50 $50
Cash quotations were as follows: Flour in
fair inquiry with prices steaoy and I'M
changed. Wheat-No. 2 spring, 72@72Ac;
No. spring wheat, 64lse; No. 2 red, 73c
Corn-No. 2, 41 3s@41s4c Oats-No 2, 25E@
25Ac. Rye-No. q 1l2c Barley-No. 2. SIC.
Flax Seed.No. 1, 81 90. Prime timothy seed,
q ls@2. 19; Mess pork per Dbl, S13. Lard, per
$3.50; dry sailed shoulders (boxed), $50
$50; short clear sides (boxedD, So. SOCG6. 90.
Whisky, distillers finished goods per gallon,
81; 10. SggaTs.cut loaf, &c; granulated,
$4,000 pbls; wheat, $4,000 bu; corn, 1873,
600 bu oats, IA 600 bu; rye, 5000 bu;
barley. $4,000 blu. Shipments-Flour 10,
COO bbls: wheat, 5000 bu; corn, 334, 900
blu; oats, ia, 1000 bu; rye, 500 bu; barley
10000 bu. On the produce exchange today
the butter market was dull to firm; 1S@21c
Eggs, 1712@1sc.